Common use of Representations and Warranties of the Pledgor and the Company Clause in Contracts

Representations and Warranties of the Pledgor and the Company. As of the date of this Agreement, the Pledgor and the Company hereby severally represent and warrant to the Pledgee that: 5.1 The Company is a limited liability company duly organized and validly existing under the PRC laws; 5.2 The Pledgor is the sole legal owner of the Equity Interest; 5.3 The Pledgee shall have the right to dispose of and transfer the Equity Interest in accordance with the provisions set forth in this Agreement; 5.4 Except for the Pledge, the Pledgor has not placed any security interest or other encumbrance on the Equity Interest; 5.5 They have the power, capacity and authority to execute and deliver this Agreement and to perform their obligations hereunder. This Agreement, when executed, will constitute their legal, valid and binding obligations and shall be enforceable against them in accordance with the provisions thereof; 5.6 The Pledgor and the Company have obtained any and all approvals and consents from applicable government authorities and third parties (if required) for execution, delivery and performance of this Agreement; and 5.7 The execution, delivery and performance of this Agreement will not: (i) violate any relevant PRC laws; (ii) conflict with the Company’s articles of association or other constitutional documents; (iii) result in any breach of or constitute any default under any contract or instrument to which it is a party or by which it is otherwise bound; (iv) result in any violation of any condition for the grant and/or maintenance of any permit or approval granted to any Party; or (v) cause any permit or approval granted to any Party to be suspended, cancelled or attached with additional conditions.